Alecta Tjanstepension Omsesidigt Lowers Stock Position in AMETEK, Inc. $AME

Key Points

• Alecta Tjanstepension Omsesidigt decreased its stake in AMETEK, Inc. by 15.4%, selling 404,300 shares and now holding 2,223,965 shares, which represents approximately 0.96% of the company's total stock.
• AMETEK reported $1.78 earnings per share for the last quarter, beating analyst expectations, with quarterly revenue of $1.78 billion, a 2.5% increase year-over-year.
• The company's quarterly dividend of $0.31 per share is set to be paid on September 30th, equating to an annualized dividend yield of 0.7%.

Alecta Tjanstepension Omsesidigt lessened its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,223,965 shares of the technology company's stock after selling 404,300 shares during the quarter. AMETEK accounts for about 1.9% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 15th biggest position. Alecta Tjanstepension Omsesidigt owned approximately 0.96% of AMETEK worth $402,338,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AMETEK by 6.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,680 shares of the technology company's stock valued at $7,180,000 after purchasing an additional 2,451 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in AMETEK in the 2nd quarter valued at approximately $295,000. Pallas Capital Advisors LLC boosted its holdings in AMETEK by 319.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 7,859 shares of the technology company's stock valued at $1,422,000 after purchasing an additional 5,985 shares in the last quarter. Czech National Bank lifted its position in shares of AMETEK by 6.2% during the 2nd quarter. Czech National Bank now owns 56,435 shares of the technology company's stock valued at $10,212,000 after acquiring an additional 3,308 shares during the period. Finally, Value Partners Investments Inc. lifted its position in shares of AMETEK by 12.6% during the 2nd quarter. Value Partners Investments Inc. now owns 7,553 shares of the technology company's stock valued at $1,364,000 after acquiring an additional 845 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Stock Down 0.4%

Shares of NYSE AME opened at $186.48 on Thursday. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The firm has a fifty day moving average of $183.60 and a 200-day moving average of $177.20. The stock has a market capitalization of $43.07 billion, a PE ratio of 30.03, a P/E/G ratio of 2.69 and a beta of 1.10. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the previous year, the company earned $1.66 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's payout ratio is currently 19.97%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AME shares. Morgan Stanley lifted their price target on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. TD Cowen upgraded shares of AMETEK from a "sell" rating to a "hold" rating and lifted their price target for the company from $158.00 to $180.00 in a research report on Tuesday, September 2nd. KeyCorp lifted their price target on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Robert W. Baird lifted their price target on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, AMETEK presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.

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